ASSESSMENTS

The Western Balkans and the Global Credit Crunch

Nov 7, 2008 | 20:01 GMT

KAREN BLEIER/AFP/Getty Images

Summary

Talks between Serbia and the International Monetary Fund regarding Serbia's budget will be extended until Nov. 11, the fund has announced. The talks are occurring against the backdrop of the global financial crisis, which has negatively affected the Western Balkans, of which Serbia is a part, in various ways.

A latecomer to the post-Cold War Central European credit explosion, the Western Balkans now need help dealing with the global credit crunch....

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